Settings8H · net · $10k
Funding arb · Price arb /

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h −0.096%
Price spread now: HTX against Hyperliquid−0.070%7-day average −0.204% · you buy dearer than you sell
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1231.225% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.083%−$8 on $10k
Price spread, last 4 days (all we have)−0.155%−$16 · spread now −0.070%, 7d avg −0.204%
Together, before fees−0.239%+ Points / potential airdropHyperliquid: Season 2 · farm board−$24 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.133% dearer against Hyperliquid than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.204%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ICP2.98410.0104pay 0.0013% / 1h12m 11s$4.6M$5.0M5x
ShortHTX ICP-USDT2.98200.0100get 0.0100% / 8h5h 12m$104K$181K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Hyperliquid. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$0.93
Price spread: −0.070% → −0.204%
$13.32
Slippage, 4 orders
−$101.51
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee HTX: 6 bp × 2 orders
−$12
Net
−$110.11
Costs to cover
1.225%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; HTX: live order book, 49 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 10 min ago1.00 bp12.2 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 49 min ago25.03 bp68.5 bp −$69doesn't fitdoesn't fitdoesn't fit

ICP on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ICP_USDC-PERPETUAL−0.0119%1h2.9805−0.121%$266$46450xas long as short
dYdX ICP-USD0.0000%1h2.9842+0.003%$69K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h2.9822−0.063%$23K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−0.590%$202$200K12xas long as short
Variational Omni ICP+0.0079%8h2.9894+0.178%$1.1M$116Kas long as short
Lighter ICP+0.0096%1h2.9823−0.060%$160K$486K5xas long as short
Aster ICPUSDT+0.0100%8h2.9844+0.011%$274K$1.7M20xas long as short
Pacifica ICP+0.0100%1h2.9827−0.046%$135K$10K5xas long as short
Binance ICPUSDT+0.0100%8h2.9810−0.104%$29.3M$53.2M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9800−0.137%$17.3M$18.9M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ICP-USDT-SWAP+0.0100%8h2.9800−0.137%$5.8M$16.8M50xas long as short
Gate ICP_USDT+0.0100%8h2.9810−0.104%$1.9M$3.1M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9800−0.137%$19.8M$10.3M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9790−0.171%$4.8M$13.1M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9810−0.104%$7.0M$4.9M50xas long as short
BingX ICP-USDT+0.0100%8h2.9820−0.070%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h2.9910+0.232%$23K$281K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9916+0.253%$568K$483K10xas long as short
SunX ICP-USDT+0.0100%8h2.9810−0.104%$1K$1.7M20xas long as short
HTX ICP-USDTshort+0.0100%8h2.9820−0.070%$104K$181K20x
Phemex ICPUSDT+0.0100%8h2.9770−0.238%$1.8M$794K50xas long as short
Extended ICP-USD+0.0104%1h2.9805−0.120%$23K$122K10xas long as short
Hyperliquid ICPlong+0.0104%1h2.9841long leg$4.6M$5.0M5x
BloFin ICP-USDT+0.0220%8h2.9880+0.131%$1.3M$2.2M75xas long as short
Kraken Futures PF_ICPUSD+0.0294%1h2.9847+0.020%$525K$641K50xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h3.0030+0.633%$68K$70K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0506% / S −0.0480%1h2.9818−0.077%$37K100xas long as short